RB Global, Inc. (NYSE:RBA) Holdings Decreased by Kampmann Melissa S.

Kampmann Melissa S. reduced its holdings in RB Global, Inc. (NYSE:RBA - Free Report) TSE: RBA by 10.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 29,750 shares of the business services provider's stock after selling 3,330 shares during the quarter. RB Global makes up 2.1% of Kampmann Melissa S.'s portfolio, making the stock its 25th biggest holding. Kampmann Melissa S.'s holdings in RB Global were worth $2,684,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Natixis Advisors LLC purchased a new stake in RB Global in the 3rd quarter valued at about $897,000. Swiss National Bank grew its holdings in RB Global by 1.2% in the third quarter. Swiss National Bank now owns 555,543 shares of the business services provider's stock valued at $44,783,000 after purchasing an additional 6,400 shares during the period. Commerce Bank increased its position in RB Global by 10.6% during the third quarter. Commerce Bank now owns 14,906 shares of the business services provider's stock worth $1,200,000 after purchasing an additional 1,426 shares during the last quarter. PCJ Investment Counsel Ltd. increased its position in RB Global by 32.0% during the third quarter. PCJ Investment Counsel Ltd. now owns 207,660 shares of the business services provider's stock worth $16,714,000 after purchasing an additional 50,320 shares during the last quarter. Finally, Intech Investment Management LLC raised its stake in RB Global by 16.8% during the third quarter. Intech Investment Management LLC now owns 21,413 shares of the business services provider's stock worth $1,725,000 after purchasing an additional 3,081 shares during the period. 95.37% of the stock is currently owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

Several brokerages have recently issued reports on RBA. StockNews.com raised shares of RB Global from a "hold" rating to a "buy" rating in a research note on Tuesday, March 18th. Royal Bank of Canada boosted their price target on RB Global from $107.00 to $116.00 and gave the company an "outperform" rating in a research report on Wednesday, February 19th. Robert W. Baird raised their price objective on RB Global from $105.00 to $110.00 and gave the stock an "outperform" rating in a report on Wednesday, February 19th. CIBC reduced their price objective on RB Global from $109.00 to $108.00 and set an "outperformer" rating on the stock in a research note on Monday, February 3rd. Finally, BMO Capital Markets increased their target price on shares of RB Global from $116.00 to $120.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 19th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, RB Global currently has a consensus rating of "Moderate Buy" and an average price target of $107.64.

Insider Activity

In other RB Global news, CRO James J. Jeter sold 7,597 shares of the company's stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $97.85, for a total value of $743,366.45. Following the transaction, the executive now directly owns 20,267 shares of the company's stock, valued at $1,983,125.95. This represents a 27.26 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO James Francis Kessler sold 15,700 shares of the firm's stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $97.81, for a total transaction of $1,535,617.00. Following the sale, the chief executive officer now directly owns 107,569 shares of the company's stock, valued at $10,521,323.89. The trade was a 12.74 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 23,897 shares of company stock worth $2,338,161 over the last ninety days. Corporate insiders own 4.32% of the company's stock.

RB Global Stock Up 1.2 %

Shares of NYSE:RBA traded up $1.16 during mid-day trading on Monday, hitting $100.12. 918,757 shares of the company traded hands, compared to its average volume of 1,020,229. The firm's 50 day simple moving average is $95.35 and its 200 day simple moving average is $90.91. The firm has a market cap of $18.49 billion, a P/E ratio of 49.81, a PEG ratio of 4.95 and a beta of 0.94. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.17 and a current ratio of 1.29. RB Global, Inc. has a 52-week low of $69.83 and a 52-week high of $106.90.

RB Global (NYSE:RBA - Get Free Report) TSE: RBA last posted its earnings results on Tuesday, February 18th. The business services provider reported $0.58 EPS for the quarter, missing analysts' consensus estimates of $0.81 by ($0.23). The firm had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.06 billion. RB Global had a return on equity of 8.00% and a net margin of 9.64%. During the same period in the previous year, the firm posted $0.82 earnings per share. On average, equities analysts anticipate that RB Global, Inc. will post 2.5 EPS for the current year.

RB Global Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Friday, February 14th were given a $0.29 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.16 dividend on an annualized basis and a yield of 1.16%. RB Global's payout ratio is currently 57.71%.

RB Global Company Profile

RB Global, Inc, an omnichannel marketplace, provides insights, services, and transaction solutions for buyers and sellers of commercial assets and vehicles worldwide. Its marketplace brands include Ritchie Bros., an auctioneer of commercial assets and vehicles offering online bidding; IAA, a digital marketplace connecting vehicle buyers and sellers; Rouse Services, which provides asset management, data-driven intelligence, and performance benchmarking system; SmartEquip, a technology platform that supports customers' management of the equipment lifecycle; and Veritread, an online marketplace for heavy haul transport solution.